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Exact(9)
The government paid the landowners compensation and recovered the cost in annual "redemption payments" from the peasants.
Peasants, with the government loans, had to "redeem" their land allotments from the landlords and make "redemption payments" to the government for the next 49 years.
The land allotments were adequate to support the families living on them and to yield enough for them to meet their redemption payments.
The Cossacks received two-thirds of the land, to be held in common, but in lieu of redemption payments they had to serve 20 years in the army.
In fact, though an important class of well-to-do peasants did emerge in time, most remained poor and land-hungry, crushed by huge redemption payments.
The redemption payments were a heavy charge on the peasants' resources, though a gradual fall in the value of money appreciably reduced that burden with the passage of years.
Similar(50)
In the case of redemption, the redemption payment should lie within the interval identified above.
The difference between the realized redemption payment and the lower bound constitutes the premium.
In addition, we assume a bullet structure of the redemption payment implying a constant debt level between two arbitrary refinancing dates (t+nk) and (t+(n+1 k).
If an amicable settlement can be achieved, redemption4 is agreed on.5 The debtor then makes the previously agreed redemption payment, while the bank releases the provided collateral in return.
If the debtor's EAD is smaller than the property's market value, and if the liability is completely repaid with the redemption payment, this yields a proceeds ratio of less than 1.
Related(20)
amortization payments
bailout payments
purchase payments
refund payments
reimbursement payments
acquisition payments
performance payments
cash payments
buyout payments
restitution payments
loan payments
credit payments
ransom payments
swap payments
amount payments
repurchase payments
forgiveness payments
bond payments
rebate payments
money payments
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Justyna Jupowicz-Kozak
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